Mumbai: The Hon’ble National Company Law Tribunal, Bengaluru Bench has sanctioned the composite scheme of arrangement for Quess Corp Ltd. This plan involves the demerger of its two undertakings into Digitrade Solutions Ltd (Resulting Company 1) and Bluspring Enterprises Ltd (Resulting Company 2).
Record Date & Entitlements
The record date is set for April 15, 2025. Shareholders will receive one equity share each in the resulting companies for every share held in Quess Corp Ltd.
Read Also
Siemens Demerger Triggers Changes In Cross Margin Weightages, NIFTYNXT50 Spread Margins Adjusted
Trading & Listing Updates
Maharashtra Government Allows Free Regularisation Of Land Transactions Violating Fragmentation Act
Mumbai Politics: BJP Welcomes Mass Induction Of Kalyan–Dombivli Leaders Ahead Of Local Elections
Palghar Crime Branch Arrests Suspect In Mahabaleshwar Hotel Gold Theft, ₹2.68 Lakh Recovered
Mumbai GRP Crime Branch Solves Two Konkan Railway Gold Theft Cases, Recovers ₹4.75 Lakh Jewellery
Post-demerger, trading will shift from ‘A’ Group to ‘T’ Group. The scrip will also be part of the Call Auction in the Special Pre-open Session (SPOS) on April 15, 2025.
